The Filecoin team announced via Twitter on Friday that the Celer Network and Axeler Network are launching their services on its recently-launched Filecoin Virtual Machine (FVM). Filecoin said its FVM is now interoperable with 30+ leading Web3 chains (Polygon, Ethereum, BSC, Avalanche and more) for cross-chain messaging and liquidity. Additionally, users can now add powerful data capabilities to any supported chain. Furthermore, existing dapps on other chains can easily access and pay for Filecoin services like data storage and computing.
Filecoin is a decentralized storage network that serves as an incentivization layer on top of the InterPlanetary File System (IPFS). FIL is down by 4% over the past 24 hours and is currently trading at $5.459.